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Feb 8-12, 1999 / Bahman 19-23, 1377
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* Post-revolution developed sick economy
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* Iran, Oman promote links in water, electricity
* Ukraine to sell plane production licence to Iran
* Oil prices firmer but long-term view gloomy
* Iran says seeking $1.5 billion in foreign credit
* Rial continues recovery after recent collapse
* Iran says reschedules $2 billion in debt payments
* U.S. decision on Iran food deal not seen coming soon
* Grain as litmus test
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Updated February 12, 1999
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Friday,
February 12, 1999
* Iran: post-revolution developed sick economy
Prague, 11 February 1999 (RFE/RL) -- At the start of the Islamic Revolution,
Iran's ruling clerics methodically set about destroying the capitalist
economy of the Shah to build a paternalistic welfare state free of ties
to the West. But two decades later, revolutionary central planning is giving
way increasingly to free market mechanisms in the face of growing economic
difficulties. While reliable statistics are hard to obtain, many analysts
say the country now suffers from unemployment of 20 percent or more
... FULL
TEXT
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Thursday
February 11, 1999
* Iran, Oman promote links in water, electricity
ABU DHABI (Feb. 11) XINHUA - The Sultanate of Oman and the Islamic Republic
of Iran are taking steps to promote links in water and electricity, a Gulf
News report said on Thursday. Sheikh Al Qatabi, Omani Minister of Electricity
and Water, revealed this on Wednesday on his return from a three-day visit
to Iran during which a memorandum of understanding was signed, the report
said ... FULL
TEXT
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Wednesday
February 10, 1999
* Ukraine to sell plane production licence to Iran
KIEV, Feb 10 (Reuters) - Ukraine plans to sell a production licence
to Iran to build the new An-140 passenger plane and will help to build
a manufacturing plant, Ukraine's Industrial Policy Minister Vasyl Hureyev
said. ``There are talks about our selling a licence to Iran to produce
the Ukraine-designed new An-140 aircraft,'' Hureyev told Reuters late on
Tuesday. ``We have already started to build the plant in Iran and hope
to set up An-140 production soon.'' ... FULL
TEXT
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* Oil prices firmer but long-term view gloomy
LONDON, Feb 10 (Reuters) - World oil prices rose on Wednesday after
data showed a fall in U.S. oil stocks but analysts said this was unlikely
to keep the market aloft for too long. Benchmark Brent blend crude oil
futures for March delivery settled eight cents higher at $10.17 a barrel
in London, after the North Sea marker was precariously close to slipping
into single digits just before Tuesday's close. But oil pundits were more
inclined to follow the signals given by the West's energy watchdog which
predicted a much slower rate of demand growth in 1999 and confirmed the
supply glut that has blighted a price recovery ... FULL
TEXT
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Tuesday
February 9, 1999
* Iran says seeking $1.5 billion in foreign credit
TEHRAN, Feb 9 (Reuters) - Iran hopes to receive another $1.5 billion
in external credit after rescheduling $2 billion of its foreign debt, Central
Bank Governor Mohsen Nourbakhsh said in remarks published on Tuesday. ``We
are negotiating with our trade partners for a credit of between $1 to 1.5
billion allowed under our current budget... This will greatly help in paying
back our foreign obligations,'' said Nourbakhsh, quoted by the daily Hamshahri
... FULL
TEXT
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Monday
February 8, 1999
* Rial continues recovery after recent collapse
TEHRAN, Feb 3 (AFP) - The Iranian rial continued to recover ground against
major currencies on the illegal open-exchange market Monday following its
recent collapse to record lows. Iran's currency was trading at around 7,800
rials to the dollar on Monday afternoon, up from 8,100 last Wednesday and
a record low of 8,750 the day before ... FULL
TEXT
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* Iran says reschedules $2 billion in debt payments
TEHRAN, Feb 8 (Reuters) - Iran, hit by low oil prices, said on Monday
that it had rescheduled $2 billion in foreign debt payments and received
a new $1.3 billion loan, Iranian state media reported. Central Bank Governor
Mohsen Nourbakhsh said the rescheduled payments would be made over the
next 33 months instead of the original 12 months, the official news agency
IRNA reported ... FULL
TEXT
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* U.S. decision on Iran food deal not seen coming soon
WASHINGTON, Feb 8 (Reuters) - The United States is unlikely to approve
a sale of farm goods to Iran any time soon because Tehran has failed to
make sufficient changes in its policies, notably regarding terrorism and
the Mideast peace process ... FULL
TEXT
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